Two proposals for the reduction of the Special Consumption Tax and the VAT on fuel, was submitted in a letter to the Ministers of Finance Mr. Chr. Staikoura and Development & Investment Mr. A. Georgiadis the Administration of the Athens Chamber of Crafts.
The President of the Athens Chamber of Crafts Mr. Pavlos Ravanis points out that “Proposals are moving within the budget and the state budget can meet them”, emphasizing that it is imperative to reduce fuel costs, as the payment of benefits alone is not enough for survival of small and medium-sized enterprises.
The Athens Chamber of Crafts, responding to the appeals of its members, proceeded based on the prices as they are formed in the market, in the formulation of specific proposals – scenarios for how the prices would evolve after the following interventions:
a) reduction of VAT. in fuels from 24% to 13%, with refinery prices of 0.8 €, 1.00 € and 1.30 €, with the revenues of the State being formed respectively from 1.11 € / liter to 0.93 € / liter, from € 1.17 / liter to € 0.96 / liter and from € 1.25 / liter to € 1.01 / liter.
b) reduction of . from 0.7 € / liter to 0.5 € / liter with VAT 24% and 13%, with the revenues of the State being respectively from 1.08 € / liter to 0.83 € / liter and 0 , 68 € / liter.
The letter
The letter contains a detailed table, with the aim of alleviating the financial costs borne by consumers and businesses, in the context of promoting policies to mitigate the effects of the Ukrainian crisis, namely on fuel prices.
The Athens Chamber of Crafts proposes interventions that are already applied in other European countries, but also in Cyprus, where the reduction of the fuel tax on fuel was unanimously voted, for the period 8 / 3-1 / 6/2022 and given that the Specialist Consumption tax on fuel is disproportionately increased in relation to the financial capabilities of the Greek consumer, asks the Government to adopt one of its proposals.
Consumption
In fact, the Athens Chamber of Crafts insists that reducing fuel prices would increase consumption, help address strong inflationary pressures and reduce any revenue losses that would result from any tax cuts.
“We believe that we must all mobilize, Government, business representatives and companies, in order to be able to keep alive the productive fabric of the country in the critical and extreme phase we are currently going through,” said Mr. P. Ravanis, calling for dialogue. and exchange of views with the financial staff.
Latest News
S&P Raises Greece Outlook to ‘Positive’; Rating Unchanged
The same international ratings agency in October 2023 raised the country’s creditworthiness to BBB- with a stable outlook
Number of Turkish Visitors to Greek Islands up 10-Fold After 7-Day Express Visa
More than 20,000 Turkish tourists flocked to the eastern Aegean isles during a nine-day religious period in the neighboring country
Greece to Protect 198 ‘Untouchable Beaches’
These beaches, numbering 198 across the country, fall within the Natura 2000 network and will be off-limits for concession and, by extension, for the placement of umbrellas, sunbeds, etc.
BoG: Feb. Current Account Deficit up by 1.8bln
At current prices, exports dropped by 10.3% (‑10.7% at constant prices) and imports grew by 5.7% (9.4% at constant prices).
Greece Becoming a ‘Refuge’ for German Pensioners
The government's policies to attract foreign property buyers to boot the economy is working, reports German newspaper Handelsblatt
Iran Activates Air Defense System- Reports of Attack by Israel
An Iranian official said explosions reported by Iran's media were the result of the activation of the country's air defense system, yet media reports attribute them to a drone attack by Israel
Poll: Greeks, EU Citizens Eager to Vote in European Elections
EU citizens are eager to vote in the upcoming elections for the European Parliament in June, with eight in 10 saying the current geopolitical situation makes voting imperative
Mitsotakis-Erdogan Meeting in Ankara Fixed for May 13
The Greek PM himself made the announcement from Brussels on Thursday, while he also responded to a question on Athens' intent to create a marine park in the central Aegean, an environmental initiative
Greece Aims to Boost Energy Capacity, Economy with Offshore Wind Farms
Greece’s Energy Ministry is pushing legislation to accelerate the construction of the first floating wind farms in Greek seas
Reuters: Greek Economy Surges After Decade of Pain
Nevertheless, the article also highlights some of the challenges facing the country, with a falling birthrate and labor shortages posing a threat to the long-term outlook